The effects of the war on the supply chain are already evident and as the war continues, the situation for most countries will become more difficult. As Ukraine suspends all exports in order to focus on military operations, Russia, on the other hand, is unable to export the quantities of cereals it normally exports due …
Category: HOME
The De-dollarization of the World Economy
In 1971, the US government, faced with stagnant inflation and a major global financial crisis, announced the US withdrawal from the Bretton Woods system of agreements, which meant that, in technical terms, all currencies became coin-to-currency currencies. to be regulated in the financial markets. Of course, the changes brought about by the abandonment of the …
CIPS: Why are the Chinese happy with the decisions of the EU and the US?
The decision to exclude some Russian banks from the international SWIFT payment system has caused great concern in the global financial system, as its effects are expected to be significant in a number of sectors of the economy. However, in this climate of instability and uncertainty, which is reflected in nervous liquidations in the markets, …
The Alternative Forms of Investment of Small Deposits
As interest rates on traditional banking products have been virtually zero for at least three years, those who used to earn an annual income mainly through time deposits are now required to take the risk of making up for lost interest. Additional pressure is created by the rise in inflation which reduces the value of …
Using Inflation as a Tool to Improve the Competitiveness of an Economy
An Εurozone/EU member-country’s economic policy can use inflation as an opportunity to achieve two goals: First, to increase the competitiveness of the economy and therefore its employment and growth rate. Second, to reduce the Public Debt-to-GDP ratio. Combining the above, with the imposed need to relieve as much as possible the citizens, especially the weaker …
Industry and Tax sector
A developing country that wants to continue to provide its citizens and businesses, respectively, with opportunities to expand their digital services and platforms, must continually create easy-to-use tools and platforms and push more citizens and businesses to adopt intact digital way of fulfilling their tax obligations. A typical example of such a service is the …
The German Economy Is Heading for a New Recession
The scenario of stagnant inflation in the German economy is visible, which is the worst possible at this time. Extremely worrying are the data for the German economy for the fourth quarter of 2021. In fact, the forecast of Trust Economics (https://trusteconomics.eu) is that, if the problem of the pandemic continues and Q22022 the next …
The Seven Causes-Sins That Trigger Inflation
Arrogance, jealousy, rage, laziness, greed, greed, lust. These are the seven deadly sins from which, if the sinner is not “cleansed”, he will be deprived (according to Dante) of Divine Grace and will be led to the eternal condemnation of his soul. What are the sins that the poor consumer pays today in all the …
Inflation Losses
Citizens of both the US and the EU have learned to live, in recent months, with the resurgence of the phenomenon of inflation that has re-emerged sharply since it was last recorded in early 2011. Adapting to the new reality should be done immediately, as the impact on disposable income is already here as well …
The Devaluation of Human Labour in the Creation of Wealth
Reliable financial institutions such as the International Monetary Fund, the World Bank, the Credit Suisse Research Institute confirm a new reality that has been gradually consolidating over the last decade and which has deteriorated dangerously over the last two years due to the peculiarities of the pandemic. In general, both billionaires and multimillionaires have increased …